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Gold/Mining/Energy : MYT - Mytec Technologies -- Ignore unavailable to you. Want to Upgrade?


To: Geoff who wrote (790)1/4/1998 9:35:00 AM
From: Investor 007  Read Replies (2) | Respond to of 1535
 
Geoff. Thanks for clarifying.

What concerns me, as I've said before, is that Mytec spent about 4 million in cash last year and they only have 2.5 million left. The TRW order they talk about (but can't prove) is only for 150 Touchstones. say they're $1,000 each. That's only $150,000. And only a part of that is profit. So what happens when the 2.5 million is gone? Does that mean they're out of business? I think so.

If you're talking to IR, can you ask them that? Then at least we know.
WE need 30 or 40 or 50 of those orders to make it.That's 3 or 4 every month. Not one every 3 months, like we're going. Has anyone even herd about a possible second order yet. Its coming on 3 months ago since the first order. I haven't seen anything here about another one. See what IR says. Its plain and simple. Businesses need sales. That's all i know. But I think thats enough.

Gotta go. The baby's crying. So am I.



To: Geoff who wrote (790)1/4/1998 5:01:00 PM
From: stevie  Read Replies (2) | Respond to of 1535
 
Geoff:
If you call Brenda could you ask her how the buy back went??? Last spring or summer I remember reading a release that Mytec was going to buy back some shares. Could you find out how many were bought back and what the exact outstanding number of shares is now??

Thanks

Regards

Stevie